1 February 2023
Jennifer Storey and Aniko Adam are the authors of the United Kingdom chapter in Financier Worldwide Magazine's in-depth feature on Foreign Investment & National Security.
Jennifer and Aniko provide practical insights into the new UK regime, the National Security and Investment Act 2021 (NSIA), which came into full effect in January 2022. Given that the NSIA regime has only been in force for a year, there is still considerable uncertainty in respect of many aspects of its application. However, parties to transactions should bear in mind that the UK regime applies to all investors, not only foreign investors. Parties should also consider that early identification of issues is essential to avoid the risk of penalties and timetable delays and that there are limited opportunities to engage with the Department for Business, Energy and Industrial Strategy in respect of the substance of the review and potential remedies, which can be very wide-ranging.
Jennifer Storey is a Partner at Clifford Chance LLP and Aniko Adam is a Counsel at Clifford Chance LLP.
This article was first published by Financier Worldwide Ltd ©2023 Financier Worldwide Ltd. All rights reserved. Permission to use this reprint has been granted by the publisher.